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June 24, 1987

L M ERICSSON AND ELEKTRISK BUREAU FORM JOINT VENTURE COMPANY

By CBR Staff Writer

L M Ericsson, which has reduced its stake in Elektrisk Bureau A/S of Norway to just 8%, has nevertheless agreed to form a joint venture company, EB-Ericsson Information Systems A/S, to market integrated voice and data systems in Norway based on the Ericsson MD110 PABX: the venture will have 450 employees and sees first year sales of $100m.

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